Tuesday, May 28, 2024
HomeMarketingIs Price Reduction a Good Business Strategy?

Is Price Reduction a Good Business Strategy?

If we are like everybody else –– just CHEAPER… we will end “smashed” on the ground.

Price as a competitive advantage is NOT a sustainable business strategy.

The race to the bottom is painful.

Customers feel no loyalty towards your product or service. There’s no branding leverage. No reason to stay with you other than expect the next discount.”

No discount?

Don’t be surprised when your customers leave you in exchange of a little price difference.

Innovate. Get creative. Find ways to stand out!

Also read:  Lot of Opportunities Lies in Entrepreneurship - SME of The Month, April


Please enter your comment!
Please enter your name here

Most Popular

Recent Comments

admin | Abbey Oyetunji on How To Get The BIG Money Clients
adebayo on Contact us